Financial Daily from THE HINDU group of publications
Tuesday, January 06, 2004

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BSNL overstated profits, says CAG
BHARAT Sanchar Nigam Ltd (BSNL) has been pulled up by the Comptroller and Auditor General (CAG) for overstating its profits by close to 41 per cent for fiscal year 2002-03. As against the stated net profit of Rs 1,444.45 crore, as cleared at ... More

SC sees no hurdles to disinvestment in NFL, EIL
THE Supreme Court on Monday directed that two new petitions challenging the Government's decision to privatise National Fertilizers Ltd (NFL) and Engineers India Ltd (EIL) also be tagged along with the main petition on Jessop & Co. The Court, .. More

Maintain sense of balance, Antony tells media
THE media must always maintain a sense of balance and restraint, especially when reporting on sensitive issues, said Mr A.K. Antony, the Chief Minister of Kerala, while addressing a gathering organised in the city to celebrate the 125th ... More

Share buyback: SEBI for cut in offer period through tender process
IN a bid to reduce the cost of buyback of shares by companies, SEBI has recommended offer period for buyback through the tender process be reduced to 15 days. It has also suggested dispensing with the requirement of issuing a daily ... More

ISPs feel the heat as Net users log off
THE number of Internet subscribers in the country has almost stagnated as more users logged off because of poor service quality and high cost of dial-up Net connections. New Internet connections, which grew to 30 lakh by March 2001 from 2.8 ... More

RBI warns States over mounting defaults
The warning from the central bank comes after a battery of complaints by several public and private sector banks over the mounting overdues from the States and the inability to recover these amounts. More

TUFS made attractive with sops
CONCERNED over the laggard pace of progress in the Technology Upgradation Fund Scheme (TUFS) for the modernisation of textile industry in the country, particularly in the weaving segment where the offtake is less than one per cent only, some ... More

Bulging population may stunt India's growth — Even 8% growth till 2026 can't contain unemployment, says LSE study
EVEN an annual economic growth of 8 per cent up to 2026 will not be enough for India to avoid a rise in unemployment, according to a study conducted under the aegis of the London School of Economics (LSE). The outcome of the study, entitled ... More

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